Intel Corporation $INTC Stake Increased by Summit Global Investments

Key Points

• Summit Global Investments more than doubled its Intel stake in the third quarter, increasing holdings by 109.3% to 25,916 shares valued at approximately $3.1 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported third-quarter adjusted earnings of $0.52 per share, beating estimates, while revenue rose 21% year over year to $16.5 billion. Data Center and AI revenue increased 78% to $7.3 billion, and Foundry revenue grew 58% to $6.7 billion.
• The company issued weak fourth-quarter guidance, citing PC-market weakness, component shortages and manufacturing disruptions. Analysts lowered price targets and downgraded the stock, while CEO Lip-Bu Tan separately purchased nearly $10 million of Intel shares.

Summit Global Investments grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 109.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,916 shares of the chip maker's stock after buying an additional 13,533 shares during the quarter. Summit Global Investments' holdings in Intel were worth $3,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INTC. Vestor Capital LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $9,441,000. World Investment Advisors raised its position in Intel by 11.2% in the 1st quarter. World Investment Advisors now owns 62,876 shares of the chip maker's stock worth $2,775,000 after purchasing an additional 6,326 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Intel in the 2nd quarter worth approximately $4,995,000. Western Wealth Management LLC raised its position in Intel by 57.7% in the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock worth $937,000 after purchasing an additional 7,764 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Intel by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock worth $208,541,000 after buying an additional 67,588 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by corporate insiders.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Price Performance

Shares of INTC stock opened at $65.76 on Friday. The firm's 50 day moving average price is $101.10 and its two-hundred day moving average price is $86.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The stock has a market cap of $331.69 billion, a PE ratio of -27.29, a PEG ratio of 6.98 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to analysts' expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, analysts forecast that Intel Corporation will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. KeyCorp decreased their price objective on Intel from $155.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday. Barclays raised Intel from a "hold" rating to an "overweight" rating in a research note on Wednesday, September 16th. Seaport Research Partners downgraded Intel from a "buy" rating to a "neutral" rating in a research report on Friday. Pivotal Research started coverage on Intel in a research note on Tuesday, September 8th. They set a "buy" rating on the stock. Finally, Sanford C. Bernstein raised Intel from a "hold" rating to an "outperform" rating in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.86.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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